$CFX What is Conflux (CFX)? Conflux is a public layer 1 blockchain designed for decentralized applications (dApps), e-commerce, and Web 3.0 infrastructure.

Origin: Founded in 2018 in the research lab of Dr. Andrew Yao, a Turing Award winner, at Tsinghua University, China.

Leadership: Fan Long, a blockchain and cybersecurity expert, is the founder and interim president of the network.

Mission: To connect creators, communities, and markets globally, focusing on scalability, security, and decentralization.

Differential: It is the only public blockchain compliant with regulations in China, which gives it a unique advantage.

Technology and Consensus

Consensus Mechanism: Utilizes the Tree-Graph algorithm, combining Proof-of-Work (PoW) and Proof-of-Stake (PoS).

Tree-Graph: Based on Directed Acyclic Graph (DAG), allows for parallel processing of transactions, increasing efficiency.

Scalability: Supports up to 15,000 transactions per second, surpassing many traditional blockchains.

Security: PoW ensures protection against attacks, while PoS reinforces decentralization.

Interoperability: Compatible with the Ethereum Virtual Machine (EVM), allowing smart contracts in Solidity.

ShuttleFlow: Cross-chain protocol that facilitates the transfer of assets between blockchains.

Low Fees: Offers competitive fees compared to networks like Ethereum.

Fee Sponsorship Mechanism: Allows third parties to pay fees, enabling use even with a negative balance.